Friday, January 7, 2011
Good news? Unemployment down to 9.4%
I'm falling down on the job -- I completely forgot it was the first Friday of the month. The Bureau of Labor Statistics reports that December's unemployment rate is 9.4%, down from November's 9.8%. The broader U6 unemployment rate is 16.7%, down from November's 17.0%.
It's a long road ahead, but hopefully this is a single step in the right direction.
It's a long road ahead, but hopefully this is a single step in the right direction.
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While the BLS reported an increase of ~100k jobs for december, what was encouraging was the revisions upward of october and november. A good thing that is overlooked!
ReplyDeletePage me when stock options and signing bonuses are reinstituted. I can't stand listening to folks rag on about "the good times"...
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